In direct response to the ongoing disruption of fuel supplies in Papua New Guinea, Petroleum Minister Kerenga Kua has declared an extraordinary 30-day State of Emergency.
State of Emergency declared to ‘maintain and stabilise’ Papua New Guinea’s fuel supply
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2 Aug 2023 by 2 Comments
In brief: PNG Power’s tariffs rise for the first time in a decade and other stories
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1 Aug 2023 by Leave a Comment
Energy regulator announces an increase in power prices to support the rehabilitation of PNG Power, Nambawan Super threatens to lock out its government tenants and Wafi-Golpu negotations continue. Your business news in a nutshell.
People moves: People’s Micro Bank, Kina Bank
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1 Aug 2023 by Leave a Comment
A new Chairman for People’s Micro Bank and a new head of comms at Kina Bank.
Final steps towards the reopening of Porgera gold mine now under way
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19 Jul 2023 by 1 Comment
After over three years’ closure, the final formalities required to reopen the Porgera gold mine in Papua New Guinea’s Enga Province are now being processed under the supervision of the Mineral Resources Authority. Business Advantage PNG spoke to the MRA’s Managing Director, Jerry Garry, for an update.
In brief: Puma Energy foreshadows risk of fuel shortages and other business stories
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19 Jul 2023 by Leave a Comment
Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.
In brief: reforms to grow PNGX announced and other business stories
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5 Jul 2023 by Leave a Comment
Reforms to Papua New Guinea’s capital markets, Securities Commission of PNG to investigate the potential sale of minority stake in Trukai Industries, and Newmont and Newcrest told of government’s expectations. Your news in brief.
Innovation PNG 2023 conference set for November in Port Moresby
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3 Jul 2023 by Leave a Comment
Innovation PNG 2023, an international-class event bringing the best of new technology, creative solutions and innovative thinking to Papua New Guinea, will be held on 10 November in Port Moresby.
In brief: Porgera’s Special Mining Lease application lodged and other business stories
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21 Jun 2023 by 1 Comment
Special Mining Lease application for the Porgera mine lodged, Japanese company JX Nippon to hold a stake of Papua LNG, and Papua New Guinea’s first green finance policy launched. Your business news in summary.
Papua New Guinea’s Connect PNG program gets funding boost
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19 Jun 2023 by Leave a Comment
With its funding now legislated, we asked David Wereh, Secretary of the Department of Work and Highways in Papua New Guinea, what’s next for the ambitious 20-year Connect PNG road-building program.
PET project: Coca-Cola expands its footprint in Papua New Guinea
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9 Jun 2023 by Leave a Comment
In spite of softer market conditions, Coca-Cola Europacific Partners continues to invest in PNG committing K80 million to the construction of a new bottle manufacturing plant in Lae.
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